International Frontier Resources Corporation (PK) (IFRTF) Quote

When are those fins be updated?

IFRTF: one for 20 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

IFRTF: reinstated.

https://otce.finra.org/otce/dailyList?viewType=Additions

IFRTF: inactive security. FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

http://www.internationalfrontier.com/s/Home.asp

https://www.otcmarkets.com/stock/IFRTF/security

Bid 1 cent.

So IDESA is our backer of the 100 million requirement

The minimum balance sheet requirement for participating in Round 3.2 is US$100 million. These blocks collectively cover 9,513 km2 with prospective resources of approximately 260 million barrels of oil equivalent (boe) including wet and dry gas, and light oil.

IDESA to Become a Strategic Investor in IFR

IFR has entered into a share option agreement (the "Option") with its JV partner, IDESA. The Option gives IFR the right to acquire a 100% stake in Tonalli by acquiring, through its wholly owned subsidiary, the outstanding shares of Tonalli held by IDESA prior to the expiry date of September 25, 2020.

The Option aligns IFR and IDESA's long-term strategy to build IFR into an energy leader in Mexico. Upon exercise of the Option:

The agreement will consolidate all cashflow and reserves into IFR

IDESA will have the right to nominate two directors to IFR's board of directors with an ongoing right to nominate 25% of the board seats as a major shareholder of IFR; and,

IDESA will subscribe for a minimum CDN$1 million of IFR shares pursuant to the future private placement.

IFR is in the Data room

IFR Joint Venture Provides Operations Update at Tecolutla - Earns into License Contract
V.IFR | 4 days ago

Calgary, ALBERTA, June 06, 2019 (GLOBE NEWSWIRE) -- International Frontier Resources Corporation (“IFR” or the “Company”) (TSX-V: IFR) (OTCQB: IFRTF) today provided an operations update on its joint venture (JV), Tonalli Energia ("Tonalli") and its Mexican onshore oil and gas block Tecolutla.

Tecolutla Block Earn-In

Tonalli has been informed by Mexico’s Comision Nacional de Hidrocarburos (“CNH”) that it has completed its minimum work commitment required to earn-in on the Tecolutla Block in its 35-year license agreement. To date US$1,534,000 of Tonalli’s total Account Performance Security Guarantee (APSG) that was posted with CNH to ensure completion of the minimum work commitment has already been returned. Tonalli is now in the process of applying for the return of its remaining US$1,764,000 APSG.

“Completing our minimum work commitment is an important milestone for Tonalli and IFR and demonstrates our team’s abilities to execute and perform to the Mexican government, our partners and industry,” stated President and CEO Steve Hanson. “ The completed work units required were performed thru core studies, seismic reprocessing, well workovers and drilling activities.”

TEC-11 Horizontal Well

Tonalli is finalizing preparations to commence the perforation and stimulation of the TEC-11 horizontal well. Tonalli experienced delays in this operation due to problems with availability of certain services and tools, which have now been rectified. Tonalli expects to finalize this operation in late June and will then commence production testing.

TEC-2 Workover

In May 2019 Tonalli re-entered the TEC-2 well and performed further downhole operations. As a result, a new production test is currently ongoing. The first 12 days of this test has yielded a result of 62 barrels of oil per day (BPD) of oil on average at a 43% oil cut.

TEC-7 Workover

Tonalli is also preparing to move a service rig onto the recently upgraded TEC-7 well pad to conduct a workover, which will be followed by a production test. The TEC-7 well has not produced since 2006 and a workover has not been performed since 1971.

TEC -10

Tonalli is continuing to produce TEC-10 through rental equipment as a single well battery. Production from TEC-10 averaged 89 barrels of oil per day (BPD) during Q1 of 2019.

IFR will advise on the results of production of TEC-11, TEC-7 and TEC-2 after the tests are finalized. Tonalli is expecting to construct pipelines to connect the Tecolutla wells to centralized production equipment. This work is expected to occur during the summer and fall of 2019. The use of centralized production facilities as opposed to single well batteries is intended to result in lower operating costs for the field.

The Tecolutla field is located within the Tampico-Misantla basin, which has multiple reservoirs with diverse play types and access to existing infrastructure, market, service sector providers and an established supply chain. In 2017, IHS Markit identified the Tampico-Misantla Basin as a potential “Super Basin”.

Through its JV with Grupo Idesa, IFR was one of the first foreign companies to participate in Mexico’s historic reform of the oil and gas sector. The Tecolutla block was awarded to Tonalli as part of the first round and third call of Mexico’s oil and natural gas “mature fields” bid round (“Round 1.3”).

About International Frontier Resources

International Frontier Resources Corporation (IFR) is a Canadian publicly traded company with a demonstrated track record of advancing oil and gas projects. Through its Mexican subsidiary, Petro Frontera S.A.P.I de CV (Frontera) and strategic joint ventures, it is advancing the development of petroleum and natural gas assets in Mexico. The Company also has projects in Canada and the United States, including the Northwest Territories and Montana.

The Company’s shares are listed on the TSX Venture, trading under the symbol IFR and on the OTCQB under the symbol IFRTF. For additional information please visit www.internationalfrontier.com.

Things are moving ahead for IFRTF in Mexico

I hear we have some very good leases

options granted to management and others


V.IFR | 14 hours ago

CALGARY, Alberta, June 10, 2019 (GLOBE NEWSWIRE) -- International Frontier Resources Corporation (“IFR” or the “Company”) (TSX-V: IFR) (OTCQB: IFRTF) announced today that subject to regulatory approval, the Company has granted, pursuant to its Incentive Stock Option Plan, 7,250,000 stock options to purchase common shares to directors, officers and consultants of IFR, with an exercise price of $0.08 per share and an expiry date of June 10, 2024. Of the options granted, 450,000 vest immediately, with the remaining 6,800,000 vesting over three years from the date of grant.

The Company relied on section 5.5(b) of Multilateral Instrument 61-101 as the exemption from ?the formal valuation requirements of MI 61-101 in respect of the grant of options to the directors and officers of ?the Company, as the common shares of the Company are not listed on a specified market (and ?the common shares are only listed on the TSX Venture Exchange). The Company relied on ?section 5.7(a) of MI 61-101 as the exemption from the minority approval requirements of MI 61-??101 in respect of the grant of options to the directors and officers of the Company, as neither the fair market ?value of the subject matter of, nor the fair market value of the consideration for, the grant of the ?options to the director of the Company exceeded 25% of the Company’s market capitalization.?

Holy Cow!

Great company here things will start to pick up!

Strange...got a pop-up alert this morning for IFRTF, checked this message board and saw only one post dated 9/30/16.
Rechecked board a few minutes ago... has the same 9/30/16 post but
now has a chart dated November 15,2017.

IFRTF bullish 0.1804


http://www.internationalfrontier.com/s/Home.asp


International Frontier Resources (TSX Venture - IFR) is a publicly traded company with interests in oil and gas resource projects in Canada and the United States. With projects located in the Northwest Territories, Southeast Alberta and in the Southern Alberta Basin, North West Montana, we are seeking to advance the development of our highly prospective, under explored regions.

MEXICO
Large Energy Opportunity
De-nationalization of a large hydrocarbon producing country will take place over the next four years in a country with excellent access to civil infrastructure, oilfield services and a transparent investment framework within the North American Free Trade Agreement (NAFTA).

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